KARNIK D.G., J.:---These appeals are directed against the common judgment and order dated 31st October, 2002 passed by the learned Single Judge in the Company Petition No. 337 of 2002 and the Company Petition No. 338 of 2002.

2.The Company Petition No. 337 of 2002 arose out of the Company Application No. 116 of 2002 filed by Alstom Boilers Private Limited (for short "ABPL" or the transferor company) and the Company Petition No. 338 of 2002 arose out of the Company Application No. 117 of 2002 filed by Alstom India Limited (for short "APIL" or the transferee company). Three companies namely (i) Alstom Transport Limited (ii) Alstom Systems Limited and (iii) APBL belonging to the Alstom group sought to merge with another group company viz. APIL under the scheme of arrangement which is challenged in this appeal. The scheme of arrangement of the two transferor companies namely Alstom Transport Limited and Alstom System Limited having their registered offices in Delhi has already been approved by the Delhi High Court. APBL and APIL have their registered offices within the State of Maharashtra and therefore, the approval of this Court was sought by the aforesaid two company petition